Why is Allstate stock sliding today?
Allstate shares fell about 1% in pre-open trading to around $272.26 after Wells Fargo downgraded the insurer from Equal Weight to Underweight and cut its price target to $250. The downgrade followed Allstate’s Aug. 6 Q2 2026 results, where adjusted EPS was $8.99, net income rose 55.9% to $3.2B, and the combined ratio improved to 86.6.






